Legal funding is when a company provides an attorney or a plaintiff with a portion of their settlement or fees in advance of the case settling or after it settles and they are not to be considered loans. All funding provided by Baker Street Funding is non-recourse and the repayment of funds is wholly contingent upon the successful settlement of your litigation. 

Applying with Baker Street Funding is simple with an application that can be done all online or followed by a phone call. And if you want one-on-one assistance, our lawsuit loan specialists are standing by to help.

The process for plaintiff settlement loans consists of the following:

1. Plaintiffs apply for a lawsuit loan online or by phone. An attorney must represent you. Your lawyer’s co-operation is critical in order for us to accept your claim.
2. Then, we perform a rigorous analysis of legal merits and parties, the strength and length of your claim, and the defendant’s ability to compensate.
3. Lastly, we set up a conference call with counsel. The quicker we have any relevant questions answered by the attorney in charge, the faster funds will be released upon approval.
4. Once approved, the lawsuit cash advance will be wired into your account that same day, or we will overnight you a check via Fed-Ex.

The litigation funding process for companies:

This process is different from pre-settlement loans and a lot more complex. This includes an in-depth analysis of a case or portfolio of cases (for attorneys). The underwriting time differs on every application. It takes approximately 72 hours for attorney case funding, and it can take as little as a week for plaintiffs looking for financing with procedurally mature corporate cases and as long as two months for infancy cases.

Baker Street Funding’s initial review of your application is based on our initial phone call, where you will provide publicly available information about your client’s claim. If interest is expressed and depending on your client’s needs, we may require further documentation and a scheduled call with our underwriter. Based on that call/communication and documentation, our underwriter will make the ultimate lawsuit funding decision. Most cases referred by attorneys get funded because attorneys usually send strong claims.

Our involvement as investors does not affect the attorney-client privilege. Multiple recent rulings in all matters of courts have upheld the fact that conversations with third-party lawsuit funding companies are protected by common interest doctrine and thus deemed privileged and confidential. You can rest assure that you are in no way waiving any of your legal rights to confidentiality by seeking funding for your client.

Lawsuit loans many times help victims settle for a larger settlement or award payment because you can wait for your case to settle fairly while you take care of your essential needs. A lawsuit cash advance funding could help victims challenge the insurance’s low-ball offers.

Learn more about lawsuit funding here.

We fund the majority of personal injury cases. The most typical cases are wrongful death claims, nursing home negligence, and medical malpractices.